Question: By using the exponential smoothing with trend adjustment steps, calculate the exponentially smoothed forecast demand for period 6 in the following table. The smoothing constants

By using the exponential smoothing with trend

By using the exponential smoothing with trend adjustment steps, calculate the exponentially smoothed forecast demand for period 6 in the following table. The smoothing constants are x = 0.2 and = 0.3. Period Actual Forecast including Trend (FIT) Exp. Smoothing Forecast 11.00 11.30 12.47 13.82 14.96 Trend Factor 0.00 0.09 0.41 0.69 0.83 11.39 12.89 14.52 15.79 tin 17 Note: 1- Round and enter your final answer with 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!